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Nasdaq Still Holding Under 6371 Fib Resistance

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#81 kaiser soze

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Posted 10 August 2017 - 03:09 PM

NVDA earnings awaited.        

 

"July Quarter Preview (Citi): Expect Beat & Modest Raise; Remain Buy-Rated North America | Semiconductors | Buy Despite strong YTD outperformance with stock up 60% vs SOX up 21%, NVDA remains a polarized stock on both sell-side (49% hold/sell ratings) and buy side with most investors in the "buy the pull back" camp. We think mixed investor sentiment helps drive the stock higher in 2H as continued growth in data center with C17E sales still ~7% of the projected $30B CY20 opportunity and auto inflection in C18/19 on increased traction with car OEMs this year drive positive revisions to Street estimates. Our FY19/20 EPS estimates are 15% / 17% above Street. Buy side is looking for a Jul-Q beat and in-line Oct-Q rev guide. We see 5% / 3% upside to Street Jul/Oct Q sales based on peer commentary analysis. Remain Buy-Rated with $180 target price & $300 bull case NVDA preview from citi 8-9-17. Reports tonight ... "



#82 kaiser soze

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Posted 10 August 2017 - 03:22 PM

NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $1.01, $0.31 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $1.96 billion.     

 

NVDA crushed estimates.  Lets what the reaction will be like.



#83 kaiser soze

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Posted 10 August 2017 - 03:28 PM

NVDA traded up to $170 after good earnings but getting walloped now, down 9 % to 155 in after hours trading.  Qs trading lower as a result.



#84 salam

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Posted 11 August 2017 - 06:28 AM

Well.. Ive covered again @ 2435... my target for this move will swing long if there is an extension to 2420 area

 

2457-60 should offer heavy resistance.

 

Not one day does the bear make...but my half position short from 2480 is 45 points healthier :)


I'm not sure what my future holds... But I know who holds it.

#85 salam

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Posted 11 August 2017 - 08:06 AM

Well.. Ive covered again @ 2435... my target for this move will swing long if there is an extension to 2420 area
 
2457-60 should offer heavy resistance.
 
Not one day does the bear make...but my half position short from 2480 is 45 points healthier :)


I'm not sure what my future holds... But I know who holds it.

#86 salam

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Posted 11 August 2017 - 08:09 AM

Closed half of covered long for 7 points...stop at break even on rest. Will reshort at 2455-60 area if we get there
I'm not sure what my future holds... But I know who holds it.

#87 kaiser soze

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Posted 11 August 2017 - 08:26 AM

NVDA up $4 in pre-market from yesterday's after-hours close.  Lots of bottom fishing going on.  Perhaps a tradable market bottom is in or is close.


Edited by kaiser soze, 11 August 2017 - 08:26 AM.


#88 salam

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Posted 14 August 2017 - 03:50 AM

Closed long from 35 at 55.... back to 1/2 position short from 2480 :)

Edited by salam, 14 August 2017 - 03:51 AM.

I'm not sure what my future holds... But I know who holds it.

#89 salam

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Posted 14 August 2017 - 09:11 AM

Stopped out of position short at 2462...18 point profit...back to cash... bull is back
I'm not sure what my future holds... But I know who holds it.

#90 salam

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Posted 14 August 2017 - 09:24 AM

Made money on both sides of trade so am delighted! Will wait for options expiration...no more trades lest I get a good risk reward signal
I'm not sure what my future holds... But I know who holds it.